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VivoPower International Signs Agreement To Acquire AI Data Center Infrastructure Developer OGDC For ~$13M Upfront Cash, Convertible Preference Shares At $15/Share
VivoPower International PLC (NASDAQ: VVPR) ("VivoPower" or the "Company"), is pleased to announce it has entered into a definitive agreement to acquire OGDC Pte Ltd ("OGDC"), an AI data center infrastructure developer with an economic interest in strategic powered land across Finland as well as other EU countries.
Through this acquisition, VivoPower will secure an economic interest in 291MW of strategic land across Finland, which is expected to be grid-connected within 12 months. Finland offers several inherent advantages for building AI data centers, including its secure infrastructure, cold climate, and supportive government policies.
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